Heading down towards the cap raising price now. It wouldn't surprise me if some are selling out because they're worried it'll drop down to there.
INA was well overvalued anyway on a P/E basis, and even a forward P/E basis. It was running a lot of blue sky that would have taken years to catch up. So I'm not too worried (not worried at all, in fact) to see this happening now. The growth profile of the company is still spectacular and the business model appears to be solid IMO.
If it drops below the cap raising price I'll take that as a potential buy signal, I think.
distribution for dec half, page-4
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Last
$5.19 |
Change
-0.080(1.52%) |
Mkt cap ! $2.115B | |||
| Open | High | Low | Value | Volume |
| $5.23 | $5.25 | $5.16 | $3.891M | 748.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9757 | $5.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.20 | 5209 | 2 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| INA (ASX) Chart |